Hey Bella, I’m a relatively new trader as I’ve been trading for a little over a year now. The best plays that have the highest win-ratio for me are scalp plays. My question is, how do you know when you have enough conviction to act to execute, or consider executing, a trade on a specific stock? I understand every trader … Read More
To improve your trading results first do this
Bella: Put up 15k in Jan and there will be a special surprise for you 🙂 Trainee: I am trying to do that half way through the month…I’ve hit that before in 6 days and that is months ago. I didn’t get a chance to do the review today will get to it Tomorrow. Have a doctors appt and got … Read More
A good trading day can be right around the corner
Your trading can get better. I sacked a trainee to the demo yesterday for sloppy and irresponsible trading. This new trader spent the day thinking about his strengths and mentally rehearsing the best set ups for his trading. This was a time out day. I have done this to this trainee before after a period of underperformance, which then preceded … Read More
Trader Denial or a Good Time to Take a Break
I asked Dr. Andrew Menaker, trading psychologist, the following question: You have a trader, a very good trader, who struggles to start December. He writes you an email saying this market is garbage and his taking an extended leave. What is your response to such a trader? Dr. Menaker responded: While it’s true that market conditions do change, it’s also … Read More
Trading lesson of the day
I received this note from an excellent trader about the market before today’s open: Won be trading for the rest of the year. Tired of this (insert cuss word- deleted) trading. debating on even coming back till earnings season. I can certainly understand those thoughts after struggling through a tough trading market to start December. Â I have had those … Read More
A tough trading market
It has been tough trading out there of last for most. Â Here are some emails that I have received from traders: today was another bad day, cant seem to get a grip on this market, not alot of volume it feels to many shake outs, feel like shutting it down for the year. Im not even making terrbible trades just … Read More
Make this adjustment to your trading
I received these comments about December trading with a weekly review: As mentioned earlier in one of my daily reviews, I have added a plan change for December: I will lower my tier size to 100 shares on everything besides in-play A-setup stocks. Be more selective than usual. Avoid trading in & out unnecessarily. Lock in profits more quickly than … Read More
A good trade not to make
Hi Bella, I’ve been trading for about 5 months now. I read the SMB blog regularly and appreciate all SMB does to help developing traders. One issue I’ve come across in my trading is entering into trades of stocks with large spreads. I was watching COO on 12/9/2011. The stock had gaped up on the open. I tried to enter … Read More